Also referred to as:
Actuarial Operations Director, Insurance Actuary Director
Requirements and Responsibilities
Actuarial Services Director directs the actuarial function for one or more business lines to ensure sound pricing, reserving, and risk management practices. Establishes actuarial policies, methodologies, and standards that align with organizational and regulatory requirements. Being an Actuarial Services Director oversees the production and review of reserve analyses, rate filings, and financial projections. Leads and develops a team of actuarial managers and professionals to achieve departmental objectives. Additionally, Actuarial Services Director advises senior leadership on risk exposure, profitability, and strategic financial matters. Represents the actuarial function in regulatory filings, audits, and executive-level discussions. Requires a bachelor's degree. May require Associate of Society of Actuaries (ASA). May require Fellow of the Society of Actuaries (FSA). Typically reports to senior management. The Actuarial Services Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be an Actuarial Services Director typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.
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